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The Committee on Payments and Market Infrastructures and the Board of the International Organization of Securities Commissions issued a consultative report seeking input on guidance to develop a global unique transaction identifier regime. The goal of the two regulator organizations is “to produce clear guidance on UTI definition, format and usage that meets the needs of UTI users, is global in scale, based on relevant (International Organization of Standardization) technical standards where available and jurisdiction agnostic.” Harmonization of data elements reported to trade repositories is seen as very important by regulators in order to achieve their objective of improved transparency related to over-the-counter derivatives contracts. Comments will be accepted by CPMI and IOSCO through September 30, 2015. CPMI, whose membership includes 25 central banks, endeavors to promote the safety and efficiency of payment, clearing settlement and related arrangements worldwide. IOSCO is an organization of international securities regulators.

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